[00:01] In this video, I'm going to teach you how to make a long and a short position on Vainas. What's up,
[00:13] new break and tunes. This time, as a tutorial, I'm going to teach you how to from the beginning. First of all, I want to tell you that trading with futures or with leverage, which is what we're going to do in this exercise,
[00:28] is very dangerous and is the fastest and surest way to lose Even so, many people like it and many people achieve great results with this type of operation, which basically is you put in some money,
[00:43] let's say one hundred dollars, and you put those 100 dollars to work at 5 x 10 x 20 x whatever percentage of these, and with that you can earn a lot more, but you can also quickly lose that money. Therefore, it's
[00:57] risky. If you don't have an account on Vainas, I invite you to find the link below in the description to register and open your account. Vainas. Here we can see in the wallet section if you...  Here you have
[01:11] spot currency and you have a futures wallet, which is where we're going to go. But first, you have to send some money from your fiat currency. Then, here I am in my spot account where I have this money, and I need to make a transfer to
[01:24] the other wallet. So, here I'm going to come to this section with the spot wallet and I'm going to leave it here on transfer. Then I'm going to tell it that I want to transfer from fiat and spot currency to the futures wallet. If I want to do Churchill Ons
[01:38] based on the dollar, meaning that when you close a trade, whether you win or lose, you get the profits in New City News or View, and you're going to do it currency, if you send Bitcoin, for example, you would have to use it here in CoinM
[01:53] Futures, since there any profit or loss would be in Bitcoin or some other currency. So, in this case, I'm going to send it here in CoinM Futures, and I'm going to tell it that I want to send Bitcoin and I want to send $100 to the
[02:07] futures account. I'm going to confirm this. This is important because otherwise you won't be Now, if I go here to the futures wallet, I'm going to see that I have money transfer, I wouldn't have.  I already had about four thousand dollars here, and right now
[02:22] I'm in a position where I have a profit of 300 dollars since it's going to send an additional 100 dollars, which I need to have available to make a trade. If you look here, I was moving Coin M. I don't have anything in this account
[02:36] because I have it in view of this, and that's what I'm trading with in this section. Once I have money here in this section, in futures contracts, we're going to go here to derivatives and select the New
[02:50] City Futures option to place a trade. The first time you enter New City Futures, it's going to tutorial, watch a video, then it gives you a test, which I think has about nine or ten questions. If you make mistakes, don't worry, because we're going to
[03:04] mark there which questions you got wrong and which was the correct question or answer, and which ones you mark, you change them. And once you're finished, since I've already done that, I go here to trade.
[03:18] that has been demanded. If you sent Judith, you have to look for New City Futures.  And I a virus, or if you sent some other coin, the same thing. In this case, for example, if I want to see if Cake has any futures contracts, we see
[03:33] here that it doesn't have a futures contract, and I could go here to search, couldn't I Yum? And here we see that it's Ether with You City and also with View. So in this case, I would select Davis, and because
[03:47] I sent View, if normally I had sent You City, I would have to select Judith. And now here we have the chart of Ether Yum in futures, and I'm going to go long this time since we just had a type in the market and it
[04:01] could be that we have an upward move. You need to have done an analysis on the chart to think or know what you're going to do, whether a long or short position. So we come to this part of the screen. If you 're doing this on a cell phone, it's very
[04:14] similar. Here we tell it that I want to do it in a cross or isolated manner. Before, we say that I want to do it in isolation. If I balance in the Bitcoin futures account, and I'm only doing a
[04:28] small trade.  Volume, but if I use a cross trade, it could start eating up the money I have there. Whatever you have in your spot wallet, it won't touch that, so you don't need to futures wallet, that could be eaten up. So the recommendation is to
[04:43] always select isolated options. Here, since I'm doing a 30x trade right now, I ca n't make it smaller. But here's where it works: if you select 10x, 5x, X, or whatever you want, you can do it up to
[04:58] 50x depending on the asset. I think Bitcoin has up to 125x. I recommend that if you're starting out in the world of futures, you don't go over 5x. With 5x, they're lending you money. If you put $100 to work, they'll
[05:14] basically lend you $400 to trade with $500. With 10x, it's $1,000. With 20x, for example, in this case, if I send $100, I wouldn't be doing a trade with $2,000. But what does that mean? And
[05:28] 10x again. Right now, I'm going to do this operation with 20x 20x and it won't let me move it. But with 10x, if I put those 100 dollars 10x and I'm going long, it means that if
[05:41] Bitcoin goes up because I'm going long, I'm betting that it will go up. If Bitcoin goes up 10 percent, I'll earn 100% of the 100 dollars. And when I close that operation, but if it goes down 10%, I lose my money. So it's
[05:56] also important to set stop losses because that way, if the market reverses and goes the other way, you're protected if you take a much smaller loss than all the capital you have there. So this
[06:09] time I'm not going to move it here, but again, if you're new and starting out, 5x at most is what you'll use here. If you want a limit order, which a price here, and if it doesn't reach that price, it won't close.  The
[06:23] trade enters the market at the current price. price. general recommendation is to use a limit order. So, for example, if the price is at 2000, I
[06:37] want to place a trade at 2000 or 222. I think the market will go down further. For example, if the price starts to drop, and we say it reaches this purple line at
[06:50] 2200, that's when I want to place the trade. I 'll put it here for 'll put it here for faster results: 2221. I'll specify the amount I want to take. For example, if I select 100%, it
[07:04] 's 100% of my available capital. I have $138 here. Then, I decide whether to set a take profit and stop loss. Take profit means and stop loss. Take profit means I'm betting that
[07:17] when a trade enters at 221 or 222, I can place a stop loss order.  I could set the take profit when it reaches 2300, for example. If the price starts to rise here and reaches 2300, I sell and take the profits I've made up
[07:32] to that point. For the stop loss, I could set it if it drops below loss, I could set it if it drops below 2182 or 2180, for example. If it drops again, breaks this moving average, and makes a lower low, I
[07:46] want to sell anymore. I want you to close the trade and take the losses up to that So here I would tell it to buy or sell, good luck. That is, betting on whether it will continue to rise or fall. In this case, since it's already down a
[08:01] this case, since it's already down a little more, I can say 2219, and I 'll tell it I want to buy a long position. At that point, it places a trade and sends me an open order to fill that long position. Once it's
[08:16] filled, for example, here it's telling me I 'm running a 20x trade with 1.24 for Therion. I only put in $138 at 20x, and it was enough to...  I bought 1.24 units of Therion, and here's where it says the entry price. I had
[08:30] a long position in Beat Band at 33,560 and this one in Therion at 2.219. Here it tells you the liquidation price. For example, if this is a long position, and this one is 20x, and the price starts to drop to $32,000,
[08:45] that's where I would liquidate my position. And this one at $ 2,000.116. And here it tells you how much profit or loss you have. It tells you in percentage If it's in the red, obviously it's in the red. Here you can
[09:00] modify the take profit and the stop loss if you want to make any changes. And also here you can close the trade. If you say, "Ah, I'm in the red with this profit," and it seems the market has changed, for example, if I say I have a
[09:13] profit of three dollars and I 'm not convinced anymore, here you can come and say, "I want to close the position at the market price," and my Ethereum position is closed at that moment with those three dollars of profit. And well, that's all, it's that
[09:27] simple.  How can you put on shorts or longs? To put on shorts shorts button here. I hope this quick tutorial on how to balance shorts was helpful, and I'll see you in the next tutorial. Bye bye.
[09:43] the next tutorial. Bye bye. [Music]